You know, losing a partner to a larger, more prestigious rival is one thing; losing a partner to an international rulemaking body that has spent the past few years trying to convince everyone to join their cool accounting club but can't manage to convince the coolest kid on the block to join is quite another.
The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), announced today the appointment of Mary Tokar to serve as a member of the IASB for an initial term ending 30 June 2017, renewable for a further three years. She will join the IASB in January 2013.Ms Tokar is a highly-respected figure in the field of international financial reporting. She has served for more than 10 years as the global leader for KPMG’s International Financial Reporting Group, leading KPMG’s dialogue with the global accounting regulatory and standard-setting communities. Ms Tokar has significant experience in the application of International Financial Reporting Standards (IFRSs) in both developed and emerging economies, having worked with KPMG engagement teams and clients around the world in their transition to and application of IFRSs. She served as a member of the IFRS Interpretations Committee between 2001 and 2007 and is a KPMG global leader in the fields of employee benefits and share-based payments.
Ms. Tokar also spent six years at the SEC in the Office of the Chief Accountant, so she has the chops, but the real question is if she can go toe to toe with Hans in a herring-eating contest.
[via IFRS Foundation]